Confluent price target raised to $41 from $31 at JMP Securities

JMP Securities raised the firm’s price target on Confluent (CFLT) to $41 from $31 and keeps an Outperform rating on the shares following the 2023 Investor Day event. The firm sees Confluent’s biggest opportunity as moving up the stack to stream processing with Flink, with general availability of Flink SQL Service expected later this year, and the relationship with AWS (AMZN) is “surprisingly healthy,” the analyst tells investors in a research note.